The crypto markets are under pressure again, with Bitcoin sliding back under $84,000 amid rising fear and a spike in liquidations. Traders are clearly nervous — and the latest global events aren’t helping.

Bitcoin (BTC) is currently priced at $83,082.82, down 1.8% in the last 24 hours. According to Kraken price feeds , BTC saw a recent high of $110,000 around President Trump’s inauguration, but has since cooled off.

Investor sentiment has taken a hit. The Bitcoin Fear and Greed Index now sits at 25, signaling Extreme Fear. Just yesterday it was 44 (Fear), and last week, it was 40. That’s a sharp shift in mood.

Over $500 million in crypto positions wiped out

In the past 24 hours, 177,402 traders were liquidated, totaling $506.82 million in losses.

Liquidations happen when leveraged positions — bets on price going up (longs) or down (shorts) — are forcefully closed due to market moves. With BTC dropping, many long positions got wiped out. Interestingly, more people were shorting Bitcoin — 63.94% of BTC liquidations were short positions.

Ethereum (ETH) saw similar action, with $91.11M in liquidations, mostly from longs — traders betting ETH would rise.

The largest single liquidation? A massive $11.97M ETHUSDT long on Binance.

QCP Capital: Market looks exhausted

“In crypto, sentiment remains broadly subdued. BTC continues to trade without conviction, while ETH is holding the line at $1,800 support... Without a material shift in macro or a compelling catalyst, we don’t expect a meaningful reversal.”

That’s the latest from QCP Capital, who noted many coins are down 90% year-to-date, with steep drops just this week.

President Donald Trump announced new tariffs on imports from 50 countries, targeting both BRICS nations and Western allies. Dubbed a “Declaration of Economic Independence,” it triggered market jitters — even though there was no mention of Bitcoin, crypto, or blockchain.

Until the macro picture clears up, expect more chop in crypto markets.